MONEY TRANSFER & REMITTANCE

Money Transfer – The act of transferring money from one place to another place. This may occur electronically or physically. Whether you’re buying property overseas, emigrating or sending money to friends and family, our partners can help you send money to its required destination at a better rate. Other benefits include getting a fee free transfer on your first transfer and same day transfers.

Remittance – is a transfer of money by a foreign worker to an individual in his or her home country. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers’ remittances are a significant part of international capital flows, especially with regard to labour-exporting countries. In 2014, $436 billion went to developing countries, setting a new record. Overall global remittances also totalled $583 billion. Some countries, such as India and China, receive tens of billions of US dollars in remittances each year from their expatriates. In 2014, India received an estimated $70 billion and China an estimated $64 billion.

Some Reasons to Make Use of the Best Money Transfer Agents

Are you not happy with the service received at your nearest bank or money exchange counter? You need to send money abroad to your family or relative urgently, but are in a dilemma as to how to do it efficiently and safely. When that is the case, then you will want to make use of online money transfer agents.

Reasons to make use of money transfer agents

You are saving time

Whether you are aware of it or not, you are saving on time when you make use of online sources for just about anything. It does not have to be limited to money transfer alone. There are so many things which you can do through online, like online booking, online shopping, online reading, and others. You just need to ensure that your PC or laptop is in good working condition and your Internet connection is reliable. Once you are logged in, you are done in a matter of few minutes. You do not need to travel anywhere or stand in long queues only to face a very rude staff at the bank or money exchange counter. The question of filling up forms and signing on countless documents is not there. The worst part is when you are sick or belong to the elderly group who cannot move about freely then matters become worse when you have nobody to help you out there. If you are working or running a business, then making online transfers is now a matter of seconds. All these do not happen when you send your money through online.

You can now save your money

You can save money from the parking fees and gas allowance. The need to travel anywhere is not required. You can do it right from the comfort of your office or home, depending when you plan sending the money. For a small transaction fee and exchange rate commission you are done within few minutes or seconds. Not to mention you have records of all your transactions intact. The need to worry about online fraud committed is not there as you are immediately notified if they happen. Using a secure and safe money transfer agent ensures that these do not happen. There are several money transfer agents who are offering their services. All you need to do is make sure that they reliable and genuine by reading through their feedbacks and tips provided online.

Enjoy the service you receive from the comfort of your home or office

Sometimes when you are at the bank counter, you would notice that the staff seated at the exchange counters is not polite and rude to the customers. They might be having a rough day that is not an excuse to yell at customers. This is something which can be easily avoided when you make use online money transfer firms. The worse part about the bank and exchange counter is that, when you go there for international remittances, you will notice that their knowledge on the product is poor. Not to mention, they can treat you badly due to your cultural background. These unpleasant experiences can be avoided when you use online services which are usually free and quick. Hence sending money through your PC or laptop online provides you with an efficient manner and a consistent level of service which itself means a lot.